Hello and welcome to the 2024 Impinj Incorporated Annual Meeting of Shareholders. Please note that this meeting is being recorded. Questions may be submitted via the message icon at the top left of your screen. Type in your message, then click the send icon to the right of the message box. The meeting is about to begin. Chris, you can start.
All right, thank you. Good morning. On behalf of Impinj, welcome to the 2024 Annual Meeting of Stockholders. I'm Dr. Chris Diorio, Impinj's Chief Executive Officer and Board Vice Chair, and I will conduct the business of this meeting. We are holding our Annual Meeting of Stockholders virtually this year via live webcast. Please note this meeting is being recorded. At this time, I will call the meeting to order. I would like to begin by introducing Meera Rao, our Audit Committee Chair and a member of our Nominating and Governance Committee, and Myronn Washington, a member of our Compensation Committee.
Both are virtually present at the meeting today. Members of our Executive Team, representatives of our Independent Public Accountants, Ernst & Young LLP, and our outside corporate law firm, Wilson Sonsini Goodrich & Rosati, are also virtually present at the meeting today. Thank you for attending. I will now ask Yukio Morikubo, our General Counsel, Chief Compliance Officer and Secretary, to conduct the formal part of the meeting. Yukio?
Good morning. An agenda that outlines the order of business for the meeting is displayed on the screen. You can access our rules of conduct for this meeting by clicking the documents icon at the top of the left-hand side of your screen. We have established these rules to ensure an orderly and informative meeting, and we thank you for your cooperation in adhering to them. You may ask questions during the meeting if you registered with your 11-digit voting control number. Please click on the messaging icon at the top of the left side of your screen, type your question into the text box, then click the send icon at the right of that text box. Please note that in the interest of all shareholders, we will only address those questions that are pertinent to the business of the meeting. Thank you for your cooperation.
At our meeting today, we will address and vote on matters described in the company's proxy statement dated April 24, 2024. Following the voting, we will adjourn the meeting and conduct a brief Q&A session. I am serving as the Inspector of Elections for today's meeting. As Inspector, I have signed an oath of inspector and will file this with the minutes of this meeting. Notice of Impinj's 2024 Annual Meeting of Stockholders has been duly given in accordance with the company's bylaws and applicable law. Digital copies of the notice and proxy statement, including our proxy supplement, are also available for your review. You may access these documents by clicking on the link named Annual Report Proxy Statement on the left-hand side of your screen or through the document section of the meeting website.
The company's agents have certified, beginning on April 24, 2024, that a notice regarding the internet availability of proxy materials was mailed to the company's stockholders of record as of April 17, 2024, and the company's proxy materials were, in fact, made available over the internet to those stockholders. We will file copies of the notice and related affidavit of mailing with the minutes of this meeting. Only stockholders at the close of business on April 17, 2024, are entitled to vote at today's meeting. As of the close of business on April 17, 2024, there were 27,717.98 shares of common stock issued and outstanding, each entitled to one vote. A complete list of stockholders of record as of that date was available to stockholders for any purpose germane to this meeting for the 10 days preceding this meeting.
A majority of the shares entitled to vote are represented today at today's meeting either virtually or by proxy. I hereby declare a quorum present, and this meeting duly convened for purposes of transacting business. As you know from the proxy statement, there are four proposals before us today. We will briefly describe each of these proposals, and we will then open the polls for voting. If you have already voted your shares and do not wish to change your vote, no action is required at this time. If you have not yet voted or would like to change your vote, you may do so by clicking the proxy voting site link on the left side of your screen. The first proposal is to elect seven directors.
The directors elected at today's meeting will hold office for a one-year term ending at the 2025 Annual Meeting of Stockholders or until their successors are duly elected and qualified. The seven candidates unanimously nominated by the Board of Directors are Dr. Chris Diorio, Daniel Gibson, Umesh Padval, Steve Sanghi, Cathal Phelan , Meera Rao, and Myronn Washington. Each of these seven nominees has indicated that he or she is able and willing to serve if elected. Information concerning the nominees is contained in the proxy statement. The board recommends a vote for the election of these seven nominees. The election of each director requires the affirmative vote of a majority of the voting power of the shares of our common stock present in person or represented by proxy and entitled to vote.
The second proposal is to ratify the appointment of Ernst & Young LLP as the company's independent registered public accounting firm to audit the company's consolidated financial statements for the current fiscal year ending December 31, 2024. The audit committee of the board has selected Ernst & Young as our independent registered public accounting firm for the 2024 fiscal year. Approval of this proposal requires the affirmative vote of a majority of the voting power of the shares of our common stock present in person or represented by proxy and entitled to vote. Our board of directors recommends the vote for this proposal. The third proposal is to approve on an advisory basis the compensation of our named executive officers.
Because this proposal is advisory in nature, it will not affect any compensation already paid or awarded to our named executive officers and will not be binding on the company, the board of directors, or the compensation committee. However, the compensation committee will consider the outcome of this proposal when determining executive compensation for the remainder of the current fiscal year and beyond. Approval on an advisory basis of this proposal requires the affirmative vote of a majority of the voting power of the shares of our common stock present in person or represented by proxy and entitled to vote. Our board of directors recommends a vote for this proposal.
The fourth proposal is to approve the amendment of our amended and restated certificate of incorporation to provide for exculpation from liability for our officers for certain breaches of fiduciary duties similar to the protections already available to our directors as permitted under Delaware law. The proposed amendment of our amended and restated certificate of incorporation would allow for the exculpation of certain officers only in connection with direct claims brought by stockholders, including class actions, but would not eliminate officers' monetary liability for breach of fiduciary duty claims brought by the company itself or for derivative claims brought by stockholders in the name of the company. Approval of this proposal requires the affirmative vote of a majority of the voting power of all of the outstanding shares of our common stock entitled to vote. Our board of directors recommends a vote for this proposal.
We will now proceed to the question and comment period. I remind you that the meeting has been called for the purpose of considering the four proposals previously described. Accordingly, all questions and comments should be confined to those matters. The floor is now open for stockholder questions or comments concerning the four proposals. Are there any questions or comments? Since there are no questions or comments at this time, we will now proceed to the voting on the proposals. It is 9:10 A.M., and the polls are now open. If you have previously sent a signed proxy card or submitted your proxy vote by telephone or on the internet, it is not necessary for you to vote today unless you wish to change your vote.
If you are a stockholder of record at the close of business on April 17, 2024, or you have a valid legal proxy from your broker, bank, or other agent with respect to the shares you beneficially own, and you desire to vote or change your vote at today's meeting, you can vote by using your 11-digit voting control number issued by Equiniti Trust Company, LLC, our company's transfer agent, simply by clicking the proxy voting site link on the left-hand side of your screen. It appears all stockholders have submitted their proxies or digital ballots. I now declare the polls closed at 9:11 A.M. No additional proxies or votes will be accepted, nor will any changes or revocations to previously submitted proxies or votes be accepted. Based on our preliminary voting results, each of the seven director nominees up for election at this meeting have been re-elected.
The Ernst & Young proposal has been approved, the compensation of our named executive officers has been approved, and the proposed amendment of our amended and restated certificate of incorporation has been approved. We will publicly report the results of our voting at today's meeting on a Form 8-K filing with the U.S. Securities and Exchange Commission within four business days of today's meeting. This concludes the official business scheduled for this meeting, and I now declare this meeting concluded. I will now turn over the time to Chris Diorio for any final remarks.
Thank you, Yukio. I would like to thank each of you for virtually attending today's meeting. At this time, we will take questions or comments from our stockholders. Should you wish to submit a question during the meeting, please click on the messaging icon at the top left side of your screen, type your message, type your question into the text box, then click the send icon at the right of that text box. We'll pause for any questions. Not seeing any questions, I would like to thank you for attending the meeting and for your continued support. Thank you very much. Bye-bye.